USDCAD has finally turned higher, after broke out of a running triangle placed in wave 4 so pair is now in a new impulsive rise, moving up in wave 5 towards triangle measurement target placed above 1.0900 zone. In the meantime any downward retracement will be considered as minor correction within uptrend. We are talking about blue wave (iv) that may occur in the next few sessions and find a support around 1.0750.
USDCAD 4h Elliott Wave Analysis
Written by www.ew-forecast.com
Try 14 Days Trial For €1 http://www.ew-forecast.com/register
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
